Which of the Following Groups Was NOT a Member of the New

question 50

Multiple Choice

Which of the following groups was NOT a member of the New Deal Coalition?

• A)southern whites
• B)northern industrial workers
• C)northeastern businessmen
• D)Catholics
• E)blacks

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Definitions:

Collateralized Debt Obligation

A complex structured finance product that pools together cash flow-generating assets and repackages them into tranches for sale to investors.

Credit Default Swap

A financial derivative or contract that allows an investor to "swap" or offset their credit risk with that of another investor.

Loan

A sum of money borrowed that is expected to be paid back with interest.

Asset Securitization

The process of pooling various types of contractual debt such as mortgages, and selling their related cash flows to third party investors as securities.